The past few hours have been pretty interesting for all cryptocurrencies and digital assets. After what appeared to be a small recovery period following the expected brief dip, more bearish pressure has begun to materialize once again. The XRP price is feeling the pressure following losses in both USD and BTC value. Even so, the ecosystem and network continue to grow, which is all most long-term holders are looking at right now.
XRP Price Momentum Doesn’t Tell the Whole Story
In the year 2019, more and more people are looking prices for individual currencies and assets first and foremost.
Renowned scientist Stephen Hawking recently called for a concerted effort to launch humans into space saying:
“To leave Earth demands a concerted global approach, everyone should join in.
San Francisco–based startup Origin is creating a set of protocols that allow developers and businesses to build decentralized marketplaces on the blockchain, with a focus on the sharing economy.
The Origin Protocol is a set of open-source blockchain protocols for buyers and sellers of services like car-sharing or home-sharing to transact on a decentralized, open web platform.
While China continues to dominate the bitcoin mining market, North America has now gained another significant player who can help decentralize mining power. Hut 8 Mining Corp (Hut 8) and the Bitfury Group (Bitfury) have announced a partnership that will create North America’s largest bitcoin mining center, located primarily in Alberta, Canada.
The Lambda Protocol has announced a decentralized, open-source solution for unrestricted access to decentralized applications (DApps). Utilizing the Lambda Protocol, DApp developers can leverage existing browsers such as Chrome or Safari to open up their applications to millions of devices currently being used. The Lambda Protocol plans to launch with support for both the Ethereum and Bitcoin blockchains, adding support for permissioned blockchains such as Hyperledger Fabric in the future.
Innovative technology companies are leveraging blockchain technology to build next-generation business models and Content Delivery Networks (CDNs) for video streaming, a multibillion-dollar industry that continues to grow. According to data revealed by Theta Labs, one of the companies covered below, the video content and streaming market accounts for 67 percent of current internet traffic and could reach 82 percent by 2020.
Artificial Intelligence (AI) startup SingularityNET, recently covered by Wired as “the most tech-hype idea of the year,” wants to democratize AI research and facilitate the emergence of human-level AI on a decentralized, open-source platform.
Governments and central banks all over the world are gradually warming up to the idea of leveraging the unique advantages offered by blockchain technology — low-cost transactions permanently recorded in tamper-proof distributed ledgers — to modernize their financial systems.
According to sources familiar with the matter, the Indian government is considering a proposal to introduce its own cryptocurrency similar to Bitcoin, Business Standard reported last week.